iM Intelligent Mining (iM) officially announced the launch of its solar-powered blockchain mining. With rising worries over massive electricity usage in blockchain, iM has come up with the best solution needed for the hour. It aims to completely shift the blockchain mining model by establishing autonomous, solar-powered mining rigs built in the desert and owned by a decentralized network of iM token holders. Short term goals of iM are to establish the first mining farm and build a dapp.
The blockchain, cryptocurrency, and decentralization are the answers to most of our socio-economic concerns. Unfortunately, it’s not as simple as an idea. Blockchains are limited by computing power, which is in turn limited by raw energy. This presents a fundamental issue that the blockchain and decentralization community needs to face as soon as possible:
As much as we like to believe that we are creating truly decentralized ecosystems, the blockchain exists only as long as governments agree to supply it with power.